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- For each of the following transactions indicate the account to be debited account to be credited and the ledger in which each account would be...(Solved)
For each of the following transactions indicate the account to be debited account to be credited and the ledger in which each account would be maintained.
Date posted: November 13, 2019. Answers (1)
- The following Trial balance was extracted from PEMUR STORES on 31st Dec 2009.(Solved)
The following Trial balance was extracted from PEMUR STORES on 31st Dec 2009.
Additional information;-
Closing stock was valued at sh. 22,000
Prepare PEMUR STORES; Trading, profit and loss accounts for year ending 31/12/2009.
Date posted: November 7, 2019. Answers (1)
- Pemba is an Island within the Indian Ocean. She had registered an improvement in her national income. Explain five factors that may have contributed to...(Solved)
Pemba is an Island within the Indian Ocean. She had registered an improvement in her national income. Explain five factors that may have contributed to this trend.
Date posted: November 7, 2019. Answers (1)
- The table below shows the demand and supply schedules for product A in a week.(Solved)
The table below shows the demand and supply schedules for product A in a week.
b) Explain five ways of making face to face communication effective.
Date posted: November 7, 2019. Answers (1)
- The following transaction took place in Zaodon enterprises in the month of June 2015.(Solved)
The following transaction took place in Zaodon enterprises in the month of June 2015.
Required
Record the above transactions in the relevant books of original entry.
Date posted: November 7, 2019. Answers (1)
- Planning is an important aspect of economic development. Explain five reasons why a country should carry out development planning.(Solved)
Planning is an important aspect of economic development. Explain five reasons why a country should carry out development planning.
Date posted: November 7, 2019. Answers (1)
- Discuss any five reasons why a firm may consider hiring a machine rather than buying.(Solved)
Discuss any five reasons why a firm may consider hiring a machine rather than buying.
Date posted: November 7, 2019. Answers (1)
- Explain five reasons why affirm may consider hiring a machine rather than buying.(Solved)
Explain five reasons why affirm may consider hiring a machine rather than buying.
Date posted: November 7, 2019. Answers (1)
- Give the forms of business units(Solved)
Give the forms of business units
Date posted: November 7, 2019. Answers (1)
- A manufacturing company operates an imprest of sh.10,000. On 1/6/2013 the petty cashier had a balance of sh. 4000. She received a reimbursement to restore...(Solved)
A manufacturing company operates an imprest of sh.10,000. On 1/6/2013 the petty cashier had a balance of sh. 4000. She received a reimbursement to restore it on 5/6/2013.
The following transactions took place during the month:
June 8 Paid Amos a creditor sh. 500
June 9 Paid postage sh. 300
June 10 Paid for cleaning for sh. 480
June 11 Bought stamps for sh. 180
June 12 Paid for cleaning sh. 750
June 13 Paid for travelling sh. 400
June 14 Paid for tea leaves sh. 450
June 15 Paid for stationery sh. 450
Required:
Prepare the petty cash book for the manufacturing company for the month of June 2013
with the following analysis column.
Travelling, cleaning, stationery, tea, postage, ledger account.
Date posted: October 31, 2019. Answers (1)
- The following account balances were extracted from the books of Maisha Traders as at 30th June 2013.
Prepare a trial balance for the business.
(Solved)
The following account balances were extracted from the books of Maisha Traders as at 30th June 2013.
Prepare a trial balance for the business.
Date posted: October 31, 2019. Answers (1)
- The following is a list of source documents. Indicate the book of original entry related to each document.(Solved)
The following is a list of source documents. Indicate the book of original entry related to each document.
Date posted: October 31, 2019. Answers (1)
- The following information was obtained from the books of Lulu Traders on 31/12/2012.
Kshs
Purchases ...(Solved)
The following information was obtained from the books of Lulu Traders on 31/12/2012.
Kshs
Purchases 1,350,000
Opening stock 170,000
Gross profit 200,000
Margin 20%
Calculate:
a)Cost of sales
b)Closing stock
Date posted: October 31, 2019. Answers (1)
- Name four sources of energy which are environmentally friendly. (Solved)
Name four sources of energy which are environmentally friendly.
Date posted: October 31, 2019. Answers (1)
- Study the cash book below and answer the questions that follow:
a)Balance the cash book as at 11.1.014.
b)State the transactions that took place on:
i)5.1.014
iv)State...(Solved)
Study the cash book below and answer the questions that follow:
a)Balance the cash book as at 11.1.014.
b)State the transactions that took place on:
i)5.1.014
ii)8.1.014
iii)10.1.014
iv)State the name used to refer to the entry on 10.1.014
Date posted: October 31, 2019. Answers (1)
- Mjengo Traders had the following assets and liabilities as at January 2014.
Furniture and equipment 350,000
Debtors ...(Solved)
Mjengo Traders had the following assets and liabilities as at January 2014.
Furniture and equipment 350,000
Debtors 45,000
Stock 25,000
Cash 7,500
Creditors 48,000
i)Additional capital introduced during the year was Ksh 24,000
ii)Drawings made during the year were Ksh 20,000
iii)Net profit was Ksh 34,500
Determine the capital as at 31.12.2014.
Date posted: October 31, 2019. Answers (1)
- In the spaces provided write decrease, increase or no effect to show the effects of each one of the following transactions on the assets, liabilities...(Solved)
In the spaces provided write decrease, increase or no effect to show the effects of each one of the following transactions on the assets, liabilities and capital.
Date posted: October 31, 2019. Answers (1)
- The following is an extract of a cashbook.
Determine the figures represented by W, X, Y and Z.
(Solved)
The following is an extract of a cashbook.
Determine the figures represented by W, X, Y and Z.
Date posted: October 21, 2019. Answers (1)
- The following information relates to Benja Retail Shop as at 31st December, 2006.
Shs.
Opening stock 80,000
Closing stock ...(Solved)
The following information relates to Benja Retail Shop as at 31st December, 2006.
Shs.
Opening stock 80,000
Closing stock 100,000
Sales 325,000
Rate of stock turnover 3 times
Calculate:
(i)the cost of goods sold.
(ii)the gross profit.
Date posted: October 21, 2019. Answers (1)
- Nzundu and Theku bought a building for Kshs.12,000,000. Nzundu paid Kshs.8,000,000 while Theku paid Kshs.4,000,000. The building was insured for 8,000,000 against the...(Solved)
Nzundu and Theku bought a building for Kshs.12,000,000. Nzundu paid Kshs.8,000,000 while Theku paid Kshs.4,000,000. The building was insured for 8,000,000 against the risk of fire. Later the building was partially destroyed by fire to a tune of Kshs.6,000,000.
(a) State the amount of compensation likely to be paid by the insurance company.
(b)Calculate the amount of compensation that each one will receive based on their
capital contributions.
Date posted: October 21, 2019. Answers (1)